The attorneys I have worked with when buying a large apartment complex have all recommend one LLC for holding the property and one for managing it.  

You’ll face hurdles like maintaining a steady deal flow, securing funding, managing renovations efficiently, and optimizing your exit strategies.This guide highlights key strategies for investors looking to transition from single deals to a scalable, volume-based distressed property investment model.1.

@David OvercashRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Some companies include Stein Mart, RadioShack and Pier 1.Source: ( Link, 36:15)Santarelli claims Norada Capital Management pivoted around 2020, Santarelli states he that he offered these companies “LOI” (letter of intent) offering to buy all of their intellectual property, brand names, trademarks, websites and customer databases from bankrupt entities like Dressbarn.

This can result in a significant increase in property taxes, especially if the property has appreciated in value over the years.The ATI exemption allows property owners to apply for a reduction in the assessed value of their property for tax purposes.

., so do you mean living in one state while a local PM manages a STR for you in the other state?

I would focus on systemizing property management as much as possible so adding more units becomes easier over time.If your goal is to buy one property a year, then stick to your pace.

Quote from @Jacorion Williams: As hard as it may be to find and fund an investment property, managing it is far worse.

3) Can I rent to my son and also treat him as the property manager? 

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.